iPass (IPAS) Receives Daily News Sentiment Rating of 0.10

Press coverage about iPass (NASDAQ:IPAS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. iPass earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.6868120685958 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

iPass (NASDAQ IPAS) opened at 0.60 on Friday. The company’s market capitalization is $40.01 million. The firm has a 50 day moving average of $1.06 and a 200-day moving average of $1.24. iPass has a 1-year low of $0.53 and a 1-year high of $1.89.

iPass (NASDAQ:IPAS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.05. iPass had a negative return on equity of 78.31% and a negative net margin of 20.49%. The business had revenue of $13.47 million for the quarter. On average, equities research analysts anticipate that iPass will post ($0.25) earnings per share for the current fiscal year.

A number of research firms have commented on IPAS. Aegis upgraded shares of iPass from a “hold” rating to a “buy” rating and raised their price target for the stock from $1.35 to $2.75 in a report on Wednesday, May 24th. Maxim Group restated a “buy” rating and issued a $3.00 price target on shares of iPass in a report on Tuesday, May 23rd. ValuEngine cut shares of iPass from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Benchmark Co. began coverage on shares of iPass in a report on Tuesday, April 25th. They issued a “buy” rating and a $3.00 price target for the company. Finally, Zacks Investment Research lowered shares of iPass from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.61.

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In other iPass news, CEO Gary A. Griffiths bought 100,000 shares of iPass stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $0.56 per share, with a total value of $56,000.00. Following the purchase, the chief executive officer now directly owns 1,022,500 shares in the company, valued at approximately $572,600. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.70% of the company’s stock.

About iPass

iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.

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